Guggenheim Alpha Opportunity Fund Price on May 24, 2023
| SAOIX Fund | USD 32.75 0.09 0.28% |
Below is the normalized historical share price chart for Guggenheim Alpha Opportunity extending back to November 10, 2008. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Guggenheim Alpha stands at 32.75, as last reported on the 4th of December, with the highest price reaching 32.75 and the lowest price hitting 32.75 during the day.
If you're considering investing in Guggenheim Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Guggenheim Mutual Fund to be very steady. Guggenheim Alpha Opp holds Efficiency (Sharpe) Ratio of 0.0559, which attests that the entity had a 0.0559% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Guggenheim Alpha Opp, which you can use to evaluate the volatility of the entity. Please check out Guggenheim Alpha's Market Risk Adjusted Performance of 0.0043, risk adjusted performance of 0.0062, and Downside Deviation of 0.5968 to validate if the risk estimate we provide is consistent with the expected return of 0.0336%.
Guggenheim Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Guggenheim |
Sharpe Ratio = 0.0559
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | SAOIX |
Estimated Market Risk
| 0.6 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Guggenheim Alpha is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Guggenheim Alpha by adding it to a well-diversified portfolio.
Guggenheim Alpha Valuation on May 24, 2023
It is possible to determine the worth of Guggenheim Alpha on a given historical date. On May 24, 2023 Guggenheim was worth 27.16 at the beginning of the trading date compared to the closed value of 27.16. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Guggenheim Alpha mutual fund. Still, in general, we apply an absolute valuation method to find Guggenheim Alpha's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Guggenheim Alpha where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Guggenheim Alpha's related companies.
| Open | High | Low | Close | Volume | |
| 27.17 | 27.17 | 27.17 | 27.17 | 1.00 | |
05/24/2023 | 27.16 | 27.16 | 27.16 | 27.16 | 1.00 |
| 27.22 | 27.22 | 27.22 | 27.22 | 1.00 |
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Guggenheim Alpha Trading Date Momentum on May 24, 2023
| On May 25 2023 Guggenheim Alpha Opportunity was traded for 27.22 at the closing time. The highest daily price throughout the period was 27.22 and the lowest price was 27.22 . There was no trading activity during the period 1.0. Lack of trading volume on 05/25/2023 added to the next day price jump. The trading price change to closing price of the next trading day was 0.22% . The overall trading delta to current closing price is 0.92% . |
Guggenheim Alpha Opp Fundamentals Correlations and Trends
By evaluating Guggenheim Alpha's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Guggenheim Alpha's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Guggenheim financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Guggenheim Alpha Mutual Fund history
Guggenheim Alpha investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Guggenheim is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Guggenheim Alpha Opp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Guggenheim Alpha stock prices may prove useful in developing a viable investing in Guggenheim Alpha
Under normal market conditions, the fund pursues its objective by investing in long and short positions of domestic equity and equity-related securities. The fund will ordinarily hold simultaneous long and short positions in equity securities or securities markets that provide exposure up to a level equal to 150 percent of the funds net assets for both the long and short positions.
Guggenheim Alpha Mutual Fund Technical Analysis
Guggenheim Alpha technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Guggenheim Alpha Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Guggenheim Alpha Opportunity cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Guggenheim Alpha December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Guggenheim Alpha mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Guggenheim Alpha shares will generate the highest return on investment. By undertsting and applying Guggenheim Alpha mutual fund market strength indicators, traders can identify Guggenheim Alpha Opportunity entry and exit signals to maximize returns
Guggenheim Alpha Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Guggenheim Alpha's price direction in advance. Along with the technical and fundamental analysis of Guggenheim Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Guggenheim to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0062 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | (0.01) |
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| Math Transform | ||
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| Volume Indicators |
Other Information on Investing in Guggenheim Mutual Fund
Guggenheim Alpha financial ratios help investors to determine whether Guggenheim Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Guggenheim with respect to the benefits of owning Guggenheim Alpha security.
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation |